EU suspends FARC sanctions

The EU on Tuesday suspended sanctions against guerrilla movement FARC after it signed a peace agreement with the Colombian government on Monday.

FARC, which has deployed terror attacks and kidnapping for ransom during its 50-year armed conflict with the Colombian government, had been listed on the EU's terror list since June 2002, the European Council said in a statement.

The EU had applied restrictive measures against the guerrilla group, such as freezing its assets and prohibiting people and organizations in the EU from providing it with funding or resources.

Federica Mogherini, the European Commission's foreign policy chief, said the deal was "an historic and unique opportunity for peace in Colombia."

Mogherini pledged €575 million in EU support for the implementation of the peace process.